Yellen: crypto is not (yet) a risk to the financial system
May 13, 2022
In a session in the US Congress, Secretary of the Treasury Janet Yellen stated that she does not see crypto as a systemic risk to the stability of the financial system. She did mention the fall of UST as an example of a risk within crypto.
Gucci will accept Bitcoin, Doge and Shiba
May 6, 2022
Gucci will launch a pilot: later this month, it is going to accept crypto as a form of payment in five stores in the US. Besides Bitcoin and five stablecoins, the luxury brand will gladly take your Doge and Shiba. It is yet another confirmation that crypto is penetrating all levels of the market.
Head US Treasury surprisingly positive about Bitcoin and DeFi
April 13, 2022
The head of the US Treasury Janet Yellen was by no means a fan of Bitcoin. She literally let us know in 2018, then as chairman of the Federal Reserve. This is why crypto followers had trouble not spilling their coffee when they saw Yellen explain how Bitcoin works and that DeFi can provide financial inclusion.
Traditional media: crypto is a helpful tool in Ukraine
April 5, 2022
In recent months, there almost no major event plays out without crypto playing a role in the news coverage. The war in Ukraine is the most recent example. It is notable that respectable, conservative media outlets have made positive judgments about the role of crypto. Examples are institutions like the Financial Times.
European Union wants to ban anonymous crypto transactions
April 1, 2022
The European Parliament voted yesterday in favor of a proposed, hotly contested amendment to ban anonymous crypto transactions. It is a proposal that goes against the spirit of the crypto industry and violates privacy.
Institutional money flows into crypto
March 29, 2022
The inflow of capital from institutions last week was $193 million: the highest amount since December last year. The proportion of institutional capital has grown rapidly in recent years and is roughly comparable to the contribution of retail investors.
The ECON committee voted against a Bitcoin ban – Why is MiCA so important to the industry?
March 15, 2022
Markets in Crypto Assets or in short MiCA has been all over the news in the last couple of days. Everybody was afraid that one of the amendments to the MiCA report could have resulted in a de facto Bitcoin ban within the EU. The ECON committee voted on the topic just yesterday and it seems that a ban is off the table. But what comes after the committee’s vote and why is MiCA so important? And are miners out of the woods yet?
Regulation considering ESG concerns: Is proof of stake the future of crypto?
March 14, 2022
Today the ECON committee voted against an amendment proposal for MiCA that would have effectively banned Bitcoin from the EU. The idea to unify crypto regulation throughout the EU is great since it provides clarity for companies, investors, and consumers. But there are also concerns that have been raised by the Green party. Proof of work is consuming a lot of energy and there is a huge debate going on whether Bitcoin mining is having an unacceptable impact on the environment or not. What if regulators decide that proof of work is undermining efforts to stop climate change? Is proof of stake the future of crypto?